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Retail FX

eToro Gets $250M Funding from Failed SPAC Deal, Valuation Hits $3.5B

The SPAC deal, which collapsed in July, would have valued eToro at $10.4 billion.
eToro’s total commissions dropped by almost half to $631 million in 2022.

Tuesday, 21/03/2023 | 20:40 GMT by Solomon Oladipupo

FinTech

Capital Outflows Top $50B as Economic Uncertainty Hits Six Largest Investment Firms

Some of the affected firms include Berkshire Hathaway, BlackRock and IHC, among others.
However, Blackstone Group, Prologis and others generated significant capital inflows.

Thursday, 16/03/2023 | 20:54 GMT by Solomon Oladipupo

FinTech

Nigeria Becomes Africa’s Open Banking Regulation Pioneer

The Central Bank of Nigeria's interest in open banking dates back to 2018.
The new guidelines will be supported by the Nigeria Data Protection Regulation.

Friday, 10/03/2023 | 18:18 GMT by Solomon Oladipupo

Institutional FX

CME Group’s FX Futures and Options Hit Record Single-Day Volume

The single-day volumed increased by 5% to 3.15 million contracts.
CME also posted new trading records in several individual currencies.

Friday, 10/03/2023 | 14:04 GMT by Solomon Oladipupo

Retail FX

CySEC Blacklists Six Online Trading Websites

Three of the websites share the same branding.
CySEC kicked against five other unregulated trading platforms in January.

Thursday, 09/03/2023 | 20:14 GMT by Solomon Oladipupo

CryptoCurrency

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

Hut 8 sold 188 BTC in January 2023.
The Canada-based miner merged with US Bitcoin last month.

Tuesday, 07/03/2023 | 20:36 GMT by Solomon Oladipupo

CryptoCurrency

HIVE Produces 4% Less BTC in February as Mining Difficulty Surpasses 40 Trillion

The firm mined 250 BTC with a HODL balance of 2,340 at month-end.
HIVE's BTC production jumped 18% to 4,752 BTC in February 2023.

Friday, 03/03/2023 | 16:00 GMT by Solomon Oladipupo

Institutional FX

24 Exchange Sets New FX NDF Trading Record in February

The trading platform crossed the $1 billion mark in FX NDF ADV in January.
Institutional spot FX demand slowed down in February after post-holiday boost.

Wednesday, 01/03/2023 | 20:59 GMT by Solomon Oladipupo

Institutional FX

Institutional Spot FX Demand Slows in February after Post-Holiday Boost

Cboe FX, 360T and Click 365 reported monthly decreases in February 2023.
However, the spot FX trading venues reported mixed performance when compared YoY.

Wednesday, 01/03/2023 | 15:28 GMT by Solomon Oladipupo

Institutional FX

Lower Trading Bites 6% into Saxo Bank's Profit in 2022

Trading-related earnings dipped 2% YoY to DKK 4.85 billion.
However, Saxo Bank saw record-high numbers in 2022 with 876,000 total clients.

Friday, 24/02/2023 | 18:51 GMT by Solomon Oladipupo

Institutional FX

Proprietary Trading Execs Are Banking on Interest Rates in 2023

They see significant profit opportunities in equity options, energy and commodities.
Trading executives also reported a "very strong" 2022 marked by higher volatility.

Wednesday, 22/02/2023 | 15:32 GMT by Solomon Oladipupo

FinTech

Temenos Sees Highest Ever Software Licensing in North America in 2022

Temenos' SaaS revenue shot up 37% in FY 22.
The company expects the sales environment to remain stable in 2023.

Monday, 20/02/2023 | 19:42 GMT by Solomon Oladipupo

Analysis

CryptoCurrency

Analysis

DeFi Starts 2023 with a Jump, but Will the Momentum Last?

The total number of DeFi users increased by 35% YoY to 6.7 million in January 2023.
However, the DeFi market cap returned low last month when compared to January 2022.

Thursday, 16/02/2023 | 12:34 GMT by Solomon Oladipupo

Institutional FX

CME Group FX ADV Increases 4% in January 2023

FX futures and options improved year-over-year in January.
CME Group's SOFR ADV increased by 499%.

Tuesday, 14/02/2023 | 18:48 GMT by Solomon Oladipupo

Institutional FX

24 Exchange Crosses $1B Mark in Forex NDFs ADV in January

The platform reported daily and weekly records of forex NDFs in October last year.
24 Exchange has been taking steps to expand its footprint since 2019.

Thursday, 02/02/2023 | 20:30 GMT by Solomon Oladipupo

Analysis

FinTech

Analysis

Fintech Funding Slashed by Almost Half in 2022. Will 2023 Be Any Better?

Funding of fintech businesses globally came in at $75.2 billion in 2022.
Interest rate hikes are expected to affect fintech funding in 2023.

Thursday, 02/02/2023 | 11:45 GMT by Solomon Oladipupo

Retail FX

Interactive Brokers’ DARTs Jump 14% in January as Client Accounts Grow

The American broker's client accounts grew 2% to 2.13 million.
The company posted record profits in Q4 2022.

Wednesday, 01/02/2023 | 19:08 GMT by Solomon Oladipupo

Institutional FX

FXSpotStream Rebounds from December Dip, Generates $1.3T in January

Cboe FX and 360T's total monthly volumes improved in January 2022.
Alan F. Schwarz, FXSpotStream's Co-Founder, departs the business this month.

Wednesday, 01/02/2023 | 17:25 GMT by Solomon Oladipupo

CryptoCurrency

Inflows into Crypto Investment Products Hit Highest since FTX Collapse

Crypto investment products AUM hit their highest since May 2022.
Grayscale Bitcoin Trust' AUM also rose by 38.4% MoM to $14.5 billion.

Wednesday, 01/02/2023 | 15:12 GMT by Solomon Oladipupo

FinTech

Global Regtech Sees $8.2b in 2022, to Reach $57.5b in 2032

The estimations are according to the research firm Prophecy Market Insights.
The regtech industry saw a number of deals in 2022.

Thursday, 12/01/2023 | 22:25 GMT by Solomon Oladipupo

Retail FX

FXCubic Completes VertexFX Trader Integration

VertexFX Trader believes the integration will enable it to improve its efficiency.
FXCubic integrated with CoinAPI and Refinitiv Elektron last year.

Wednesday, 11/01/2023 | 13:45 GMT by Solomon Oladipupo

Executives

oneZero Appoints UniCredit's Stephen Totten as Director of Quant Analysis

Totten brings about 20 years of industry experience to the role.
oneZero made some hires in 2022.

Tuesday, 10/01/2023 | 22:55 GMT by Solomon Oladipupo

Retail FX

Saxo Bank Keeps 'All Options Open', IPO Possible

An IPO could come as early as 2023, the CEO Kim Fournais told Reuters.
Saxo Bank abandoned a proposed SPAC deal last month

Tuesday, 10/01/2023 | 11:14 GMT by Solomon Oladipupo

Retail FX

French Regulator Unfolds Action Plan and Supervisory Themes for 2023

The action plan covers investor education and supervisory cooperation, among others.
The regulator's supervisory themes focus on various categories of market participants.

Monday, 09/01/2023 | 21:18 GMT by Solomon Oladipupo

FinTech

5 Fintech Trends You Might Have Missed for 2023

Fintechs have been growing consistently across the board with several new 2023 trends.

Monday, 09/01/2023 | 10:57 GMT by Pedro Ferreira

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